I listened to the man in charge of the ASX and how he was happy they had made 350 million profit.
He mentioned something about dark pools and how they had helped.
I know it probably was in the past but the ASX should be a government run organisation that is run at a profit but not there to bow to corrupt practices.
Then the rules that are there should be followed exactly as no person is profiting from it.
They made 350 million and said how great they were for shareholders (in 1 year) and some dubious shorting practices and storing of shares CDU went fron $3.30 to $1.37 in a few days .
A loss of value of nearly 400 million to shareholders.That is one small company.
For a few to make a small profit they take from many.
To me thats what the GFC was all about.
Making up new ways for a few to make more but the many have to pay and not just that amount butthousands of times over.
If they are not looking after all on the market equally piss em off.They are are not doing their job properly.
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I listened to the man in charge of the ASX and how he was happy...
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